how do business expenses get reported in limited partnership to offset stock gains?

[NDEE14728]

I have $1000 in stock gains and $950 in business expenses in a limited partnership, using turbo tax business, the form 1065 does not show my $1000 in income from the stock gains, only the business expenses, so the form 8453-PE shows I have a -$950 loss for the year.   How does the expense get allocated to each partner to offset the income?   

[PatriciaV]

Were those realized gains from the sale of stock? If so, did you report those gains under Investment Income? Did you have carryover capital losses from prior years that could have offset your gains? Finally, are you looking at the Form 1065 partnership return or your K-1?

Without looking at your entire return, it's difficult to determine how the income is reported.